Fifth Third Wealth Advisors LLC Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fifth Third Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.7% during the first quarter, Holdings Channel reports. The firm owned 13,694 shares of the semiconductor manufacturer’s stock after buying an additional 2,624 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $2,472,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 9.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 91,513 shares of the semiconductor manufacturer’s stock worth $9,409,000 after acquiring an additional 7,547 shares during the period. Mather Group LLC. lifted its position in Advanced Micro Devices by 21.0% during the third quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock valued at $1,017,000 after buying an additional 1,717 shares during the period. Westfield Capital Management Co. LP lifted its position in Advanced Micro Devices by 37.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 516,866 shares of the semiconductor manufacturer’s stock valued at $53,144,000 after acquiring an additional 141,324 shares during the period. Valley National Advisers Inc. boosted its stake in Advanced Micro Devices by 30.0% during the third quarter. Valley National Advisers Inc. now owns 958 shares of the semiconductor manufacturer’s stock worth $99,000 after acquiring an additional 221 shares in the last quarter. Finally, Roundview Capital LLC grew its holdings in Advanced Micro Devices by 35.5% in the third quarter. Roundview Capital LLC now owns 17,532 shares of the semiconductor manufacturer’s stock worth $1,803,000 after purchasing an additional 4,593 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial dropped their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Barclays increased their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of AMD traded up $2.74 during trading hours on Friday, reaching $162.21. 55,064,297 shares of the stock traded hands, compared to its average volume of 65,134,148. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company’s 50-day moving average price is $158.72 and its two-hundred day moving average price is $164.71. The company has a market cap of $262.18 billion, a P/E ratio of 238.33, a price-to-earnings-growth ratio of 1.82 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company earned $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.